Is Bestow Life Insurance Legit? Reviews, Pros & Cons, FAQs

Take the time to read the fine print.  Restrictions and limitations apply.  It is important to know what you are getting into.  We are here to help you make an informed decision. We have reviewed all of the Bestow Life Insurance Reviews we could find by their customers to put together this Bestow Life Insurance Review. Is Bestow Life Insurance Legit? You can find all the information you need below.

Bestow Life Insurance is new to the marketplace. It is a simple online platform that gets people quality non-medical life insurance coverage faster than ever before. Bestow Life Insurance policies are issued by North American Company for Life and Health Insurance. North American has an Excellent (A+) rating for financial strength from A.M. Best.

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What Does Bestow Life Insurance Offer?

  • Competitive level  10,15, 20, 25 and 30 year term life insurance policies from $50,000 to $1,500,000.
  • Issue ages 18 to 59
  • Coverage in minutes
  • No medical exams, ever
  • A great monthly rate as low as $16 with no cancellation fees

Is Bestow Life Insurance Legit?

Bestow is a Fully Legitimate Insurance Provider.

Whether you already have life insurance or are looking for your first policy, getting a free quote at Bestow isn’t a bad idea since it’s quick and easy to do. You have the chance to find a more affordable policy in minutes. Those who decide to sign up who are approved can also get insurance quickly.

You can get quick insurance without challenges associated with traditional term life insurance, which often has a medical exam. While Bestow has a simple process to apply for a quote, make sure you get quotes from other places to get the best deal. You can find the perfect policy with the right price for your needs.

Pros Of Bestow Insurance

  • Policies issued by North American Company for Life and Health Insurance™.   North American Company has been around since 1886 and has an A+ (Superior) rating from A.M Best Company,  an A+ from Standard & Poor’s, and an A+ from Fitch.
  • An easy to use online life insurance application + fast underwriting decisions.  The Bestow application platform takes a few minutes to complete.  You will need to provide basic information like – identity information (name, email, address, social security number) – Your life.  This includes citizenship, medical history, lifestyle, and hobbies. – Your beneficiaries.  This is whoever would receive the death benefit in the event of the insured’s death – Policy and payment details.  If approved, you choose the monthly payment and enter your credit card info.

Cons Of Bestow Life Insurance

  • Only represents one company –  North American.  No ability to compare other company’s costs.
  • Issue age restrictions.  Must be age 45 or younger to be eligible to purchase a 20 year term.  Must be age 55 or younger to purchase a 10 year term.
  • Only term life insurance policies.  All policies sold by Bestow will expire by the time you are age 65
  • No permanent life insurance –  policies that last a lifetime.
  • No riders or supplementary coverage

Bestow Life Insurance FAQs

Are Bestow’s rates competitive? – YES.  Bestow term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Bestow Life applicants may qualify for more coverage -up to $500,000- without a medical exam and pay significantly lower premiums verses a typical no exam policy.

What does Bestow Life Insurance Reviews say about their customer service? – Bestow Insurance Reviews show that they have good customer service.  Their website portal is very efficient in handling the life insurance application / underwriting process.  They also provide a toll free number if you need to talk to a customer care representative.

Will applying to Bestow Insurance hurt my credit score? – No. Insurers look at the data behind your credit score (like timeliness of payments or if you’ve filed for bankruptcy), but not your credit score itself.  The request for this data is only a soft credit inquiry and doesn’t impact your credit.

Are there any customer complaints in any Bestow Life Insurance Reviews? – YES & NO.  If you fit their profile and get approved for the coverage,  it will be an easy buying experience.  You will be happy and have no complaints.  If you are rejected, you will not be happy which might generate complaints.

Is Bestow Insurance website good, safe and reliable to use when buying life insurance? – YES – Although their website does not have educational content,  and they only offers policies from one company,  their platform appears safe and secure.  However, caution should be taken before entering your personal information on Bestow’s or any website.

 What happens when I turn 66 years old?  Your coverage will expire.

 What happens if Bestow can not offer me coverage?  If Bestow can not offer you coverage due to age, health, etc., they will provide a link to Policygenius as an alternative.

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